One Medical's Q2 revenue up 112% to $255M ahead of Amazon acquisition

One Medical on Aug. 3 reported second quarter net revenue of $255.8 million, a 112 percent increase year over year. 

Five things to know:

  1. One Medical's total membership count, as of quarter-end, was 790,000 compared to 621,000 in 2021, a 27 percent increase.

  2. One Medical reported a net loss of $93.8 million in revenue.

  3. One Medical will not be holding a conference call in conjunction with its second quarter earnings release as its acquisition by Amazon pends.

  4. One Medical will not be providing a third quarter financial report and is suspending its financial guidance for the full fiscal year 2022 due to its pending acquisition by Amazon.

  5. Amazon will provide One Medical with debt financing in an aggregate principal amount of up to $300 million beginning March 20, 2023.  

Amazon announced plans to acquire One Medical July 21 in a cash deal valued at $3.9 billion.

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